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Moses Malone was selected by the Portland Trail Blazers from the Spirits of St. Louis.. On August 5, 1976, as a result of the ABA–NBA merger, the NBA hosted a dispersal draft to select players from the Kentucky Colonels and Spirits of St. Louis, the two American Basketball Association (ABA) franchises that were not included in the ABA–NBA merger.
The ABA–NBA merger terms included the St. Louis (and Kentucky) players being put into a special dispersal draft. Marvin Barnes went to the Detroit Pistons for $500,000, Moses Malone went to the Portland Trail Blazers for $300,000, Ron Boone went to the Kansas City Kings for $250,000, Randy Denton went to the New York Knicks for $50,000 and ...
The American Basketball Association (ABA) was a men's professional basketball major league from 1967 to 1976. The ABA merged into the National Basketball Association (NBA) in 1976, resulting in four ABA teams joining the NBA and the introduction of the NBA 3-point shot in 1979.
As part of the American Basketball Association–National Basketball Association merger, a dispersal draft was conducted for teams to pick the players who had been under contract for the two ABA franchises which had folded, the Kentucky Colonels and the Spirits of St. Louis (who had announced that they would play in Salt Lake City as the "Utah ...
The four ABA teams as new NBA franchises would not be allowed to participate in the 1976 NBA draft, but were allowed to select players from the Colonels and Spirits in the dispersal draft. Compared to the other mergers of the 1970s, the terms of the merger in basketball are generally seen as falling between the earlier merger in football and ...
The Nuggets, Pacers, Nets and Spurs respective rosters remained more or less intact, while the remaining ABA players were made available in what was termed a "dispersal draft."
With the conclusion of the 1975–76 ABA season, negotiations to finalize the ABA-NBA merger began. On June 17, 1976, Colonels owner John Y. Brown Jr. agreed to fold the Colonels in exchange for $3 million from the ABA teams entering the NBA. The Colonels' players were put into a dispersal draft along with the players from the Spirits of St. Louis.
This draft would be the first ABA draft to have a known record of who got selected where in the ABA beyond just the fact that Jim McDaniels was the #1 pick by the eventual champion Utah Stars from a trade involving the temporarily rebranded Texas Chaparrals, who later returned to their Dallas Chaparrals name (though they're now known as the San ...